Home / Companies / SAP SE / 13 May 2025
SAP SE: meeting of 13 May 2025
Votes reported on Form N-PX, item by item
464 Form N-PX filers reported votes at the SAP SE meeting of 13 May 2025. Their records fall into 6 items below, in ballot order: management items first, then proposals from security holders. Each bar shows how the reporting filers split; it is not the result of the meeting.
foragainstabstain, withhold or otheramber tick: the portion cast against management
Items
SECTION 14A SAY-ON-PAY VOTESIssuer
Advisory vote on executive pay (say-on-pay)
461 vote records from 356 filers. 5 of the 59 filers that marked the item either way voted against management. 297 filers reported this item without a management mark.
AUDIT-RELATEDIssuer
Audit-related items (auditor ratification)
416 vote records from 126 filers. 3 of the 98 filers that marked the item either way voted against management. 28 filers reported this item without a management mark.
CAPITAL STRUCTUREIssuer
CAPITAL STRUCTURE: management items
Management items in this category are shown together; filers word and number them differently.
659 vote records from 123 filers. 4 of the 97 filers that marked the item either way voted against management. 26 filers reported this item without a management mark.
COMPENSATIONIssuer
COMPENSATION: management items
Management items in this category are shown together; filers word and number them differently.
198 vote records from 107 filers. 9 of the 98 filers that marked the item either way voted against management. 9 filers reported this item without a management mark.
CORPORATE GOVERNANCEIssuer
CORPORATE GOVERNANCE: management items
Management items in this category are shown together; filers word and number them differently.
667 vote records from 127 filers. 3 of the 99 filers that marked the item either way voted against management. 28 filers reported this item without a management mark.
OTHERIssuer
OTHER: management items
Management items in this category are shown together; filers word and number them differently.
55 vote records from 26 filers. 1 of the 3 filers that marked the item either way voted against management. 23 filers reported this item without a management mark.
How the largest families voted
| Family | 1. Say-on-pay | 2. Auditor |
|---|---|---|
| Vanguard | For | For |
| BlackRock and iShares | For | For |
| Fidelity | No report | For |
| Dimensional | No report | For |
| American Century | No report | For |
| Invesco | No report | For |
| Equitable | No report | For |
| Charles Schwab | No report | For |
| ProShares and ProFunds | No report | For |
| Morgan Stanley, Eaton Vance and Calvert | No report | For |
| J.P. Morgan | For | No report |
| PGIM and Prudential | Split or no vote | For |
| Northern Trust and FlexShares | For | No report |
| SEI | No report | For |
| T. Rowe Price | No report | For |
| Thrivent | For | For |
| First Trust | For | For |
| Russell Investments | No report | For |
| Nationwide | No report | For |
| Victory Capital | No report | For |
| Brighthouse Funds | No report | For |
| Guggenheim and Rydex | No report | For |
| Columbia Threadneedle | No report | For |
| Capital Group and American Funds | No report | For |
| Global X | No report | For |
| Federated Hermes | No report | For |
| Hartford Funds | No report | For |
| MassMutual | For | No report |
| Virtus | No report | For |
| Macquarie and Delaware Funds | No report | For |
| Neuberger Berman | No report | For |
| Natixis and Loomis Sayles | For | For |
| Baird | For | No report |
* against management. A family's position is the way most of its reported shares were voted across its filers; "split" means no single position led. "No report" means none of the family's filers listed the item.
Questions
How did large funds vote at the SAP SE meeting?
464 Form N-PX filers reported votes at the meeting of 13 May 2025. On say-on-pay, 5 of 59 voted against management (8.5%). The family table lists each of the largest families item by item.
Is this the meeting result?
No. These are the votes of funds and managers that file Form N-PX, counted by filer and by the shares they reported. The certified result, which includes every shareholder, is reported by SAP SE on Form 8-K.
Why are director elections shown as counts only?
Director records name the nominee. This site does not publish pages or rows about individuals, so for director elections it keeps the number of nominees and the split of votes and discards the wording.
Every meeting on file for SAP SE
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings listing SAP SE with a meeting date within three days of 13 May 2025. Proposal titles are the most common wording among filers and are replaced by the SEC category where a wording could name a person. Not verified by the SEC. Filings read through 23 Sep 2026.